04:37 PM EST, 11/21/2024 (MT Newswires) -- Intuit (INTU) late Thursday reported stronger-than-expected fiscal first-quarter revenue, buoyed by gains in the financial technology platform's QuickBooks and Credit Karma offerings.

Revenue increased 10% year-over-year to $3.28 billion during the three months ended Oct. 31, above the consensus compiled by FactSet of $3.14 billion. Adjusted per-share earnings rose to $2.50 from $2.47.

The global business solutions group's revenue increased 9% to $2.5 billion, buoyed by a 21% rise in QuickBooks online accounting sales that reflected customer growth and higher prices, Intuit said.

Personal finance portal Credit Karma's revenue climbed 29% to $524 million, driven by personal loans, auto insurance and credit cards. The consumer group's sales declined 6% to $176 million.

The parent of tax-preparation software TurboTax affirmed its fiscal 2025 guidance. Adjusted EPS is seen growing 13% to 14% annually, reaching $19.16 to $19.36. Revenue is projected to rise 12% to 13%, totaling $18.16 billion to $18.35 billion. The consensus estimate is for sales of $18.27 billion.

For the second quarter ending Jan. 31, Intuit projected adjusted EPS of $2.55 to $2.61 and revenue between $3.81 billion and $3.85 billion. Analysts polled by FactSet are looking for $3.89 billion.

Shares were down 5.6% in after-hours trading.